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Esther Perez Ruiz

Quarterly targets: IMF team acknowledges govt efforts in its meeting with Kakar

IMF Mission Chief for Pakistan Nathan Porter says efforts have resulted in positive conclusion of the technical-level talks

Updated 16 Nov, 2023 09:52am

IMF team to visit country on Nov 2

KARACHI: An International Monetary Fund (IMF) mission will visit Pakistan on Nov. 2 to discuss the first review of...

Updated 25 Oct, 2023 08:41am

Govt required to keep SOEs under MoF oversight: IMF

KARACHI: The International Monetary Fund’s (IMF) representative in Pakistan on Wednesday said that the reform...

Updated 24 Aug, 2023 09:49am

IMF Board scheduled to consider $3bn SBA today

IMF, according to media reports, has reportedly accepted $8.2 billion financing gap plan presented by the Ministry of Finance

Updated 12 Jul, 2023 10:13am

IMF says govt has taken ‘decisive’ steps

ISLAMABAD: The International Monetary Fund (IMF) continues discussions with Pakistani authorities with the aim of...

Updated 28 Jun, 2023 09:01am

FY2023-24 budget: Govt describes tax exemptions as growth ‘triggers’

Says it is sustainable path to provide employment and livelihood to common citizen

Updated 17 Jun, 2023 09:00am

Pakistan

In tit-for-tat response, Pakistan says FY24 budget ‘was never a part of IMF 9th review’

Govt says it is committed to IMF programme, wants to at least complete pending review

Updated 16 Jun, 2023 08:19pm

IMF raises serious objections over budget 2023-24

ISLAMABAD: The International Monetary Fund (IMF) has raised serious objections over the budget for fiscal year...

Published 15 Jun, 2023 06:03am

Stalled bailout: IMF says govt has to satisfy it on 3 counts, starting with budget

These include restoring proper functioning of the FX market, passing a FY24 Budget consistent with programme objectives, and securing firm and credible financing commitments

Updated 09 Jun, 2023 08:56am

Pakistan

Pakistan has to satisfy IMF on three counts including budget ‘consistent with programme objectives’

Resident representative says there is time for one last board review before scheduled end of Extended Fund Facility

Updated 08 Jun, 2023 08:17pm

Markets

Pakistan now hopes to ink deal with IMF before budget on Friday: report

Programme has been stalled at the ninth review since November last year with statements from officials insisting bailout is on track and will be revived soon

Updated 06 Jun, 2023 05:24pm

Govt shares some details of federal budget with IMF

IMF says its staff look forward to furthering discussions to identify spending and revenue measures that can strengthen debt sustainability prospects

Updated 06 Jun, 2023 11:23am

Shortage of goods, plant closures: IMF identifies import curbs as the real culprits

Says financial framework underlying policies agreed with the authorities is included in staff report to be released upon IMF Executive Board’s approval of ninth review

Updated 31 May, 2023 11:25am

External financing requirements for deal remain unchanged: IMF

ISLAMABAD: Staying within the policy framework agreed for the ninth review and sufficient financing from partners to...

Updated 15 May, 2023 09:09am

Pakistan

Ninth review: fresh financing requirements unchanged, says IMF

Resident representative says 'no truth to reports that IMF is asking Pakistan to raise $8bn in fresh financing'

Published 14 May, 2023 05:58pm

Pakistan

IMF stresses on ‘staying within agreed policy framework, securing financing’

Washington-based lender says it has taken note of recent (political) developments, and hopes peaceful way forward is found

Updated 14 May, 2023 06:00pm

Locked bailout: govt fuel scheme adds to hurdles?

Pakistan and the IMF have been negotiating since early February on an agreement that would release $1.1 billion

Updated 25 Mar, 2023 09:03pm

No requirement in Pakistan programme that interferes with polls: IMF

KARACHI: The International Monetary Fund (IMF) said on Thursday that decisions regarding the constitutionality,...

Updated 24 Mar, 2023 09:00am

Pakistan

Govt did not consult ahead of announcing fuel subsidy proposal: IMF

Pakistan authorities did not consult with the International Monetary Fund (IMF) staff ahead of announcing their...

Updated 21 Mar, 2023 09:02am

Pakistan

Pakistan has to give assurances on financing BOP deficit: IMF

External financing is one of the last in a string of prior actions the lender wants Islamabad to complete before it clears funding, IMF representative says

Updated 06 Mar, 2023 02:55pm

IMF team to arrive on 31st

ISLAMABAD: The International Monetary Fund (IMF) mission will visit Pakistan from January 31-February 9 to continue...

Updated 27 Jan, 2023 09:06am

Pakistan

IMF says Fund mission scheduled to visit Islamabad at end of January

Will continue discussions under ninth EFF review

Updated 26 Jan, 2023 08:25pm

Discussions productive: IMF official

ISLAMABAD: Discussions to date in the context of the ninth review under the Extended Fund Facility (EFF) have been...

Updated 14 Dec, 2022 09:50am

IMF, govt begin virtual engagement

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have started virtual discussions for the ninth review...

Updated 29 Nov, 2022 09:46am

9th IMF review: Framework yet to be finalized

IMF and Finance Division have yet to agree on starting date for negotiations

Updated 11 Nov, 2022 09:27am

Policy commitments made by govt to continue to apply: IMF

IMF resident representative says policy discussions will commence in coming weeks after damage assessment report becomes available

Updated 04 Oct, 2022 01:34pm

IMF to work with international community

Pakistan needs proactive policies – exchange rate flexibility, efficient allocation of resources, elimination of untargeted subsidies, and creating a conducive business environment, says Resident Representative Esther Perez

Updated 07 Jul, 2022 11:11am

Gainers
Losers
Leaders

Stock	Price
Haseeb Waqas / Nov 30 Haseeb Waqas Sugar Mills Limited(HWQS)	10.38 ▲ 1.00 (10.66%)
Dewan Sugar / Nov 30 Dewan Sugar Mills Limited(DWSM)	2.70 ▲ 0.21 (8.43%)
Sec. Inv. Bank / Nov 30 Security Investment Bank Limited(SIBL)	6.50 ▲ 0.46 (7.62%)
Bannu Woollen / Nov 30 Bannu Woollen Mills Limited(BNWM)	30.21 ▲ 2.11 (7.51%)
Chashma / Nov 30 Chashma Sugar Mills Limited(CHAS)	65.58 ▲ 4.58 (7.51%)
Crescent Steel / Nov 30 Crescent Steel & Allied Products Limited(CSAP)	43.53 ▲ 3.04 (7.51%)
IBL HealthCare / Nov 30 IBL HealthCare Limited(IBLHL)	39.95 ▲ 2.79 (7.51%)
Atlas Honda Ltd / Nov 30 Atlas Honda Limited(ATLH)	373.27 ▲ 26.04 (7.50%)
MithchellsFruit / Nov 30 Mitchells Fruit Farms Limited(MFFL)	245.32 ▲ 17.12 (7.50%)
Millat Tractors / Nov 30 Millat Tractors Limited(MTL)	585.71 ▲ 40.86 (7.50%)

Stock	Price
Nazir Cotton Mills / Nov 30 Nazir Cotton Mills Limited(NCML)	3.07 ▼ -0.83 (-21.28%)
Trust Mod. / Nov 30 Trust Modaraba(TRSM)	1.43 ▼ -0.17 (-10.63%)
Dar-es-Salaam / Nov 30 Dar-es-Salaam Textile Mills Limited(DSML)	8.30 ▼ -0.95 (-10.27%)
Trust Sec.& Brok. / Nov 30 Trust Securities & Brokerage Limited(TSBL)	9.06 ▼ -0.94 (-9.40%)
Ideal Sp. / Nov 30 Ideal Spinning Mills Limited(IDSM)	14.66 ▼ -1.19 (-7.51%)
AKD Hospitality / Nov 30 AKD Hospitality Limited(AKDHL)	159.28 ▼ -12.91 (-7.50%)
Blessed Tex. / Nov 30 Blessed Textiles Limited(BTL)	317.28 ▼ -25.72 (-7.50%)
Universal Network (GEM) / Nov 30 Universal Network Systems Limited (GEM)(GEMUNSL)	32.99 ▼ -2.67 (-7.49%)
Metro Steel / Nov 30 Metropolitan Steel Corporation Limited(MSCL)	21.37 ▼ -1.73 (-7.49%)
National Silk / Nov 30 The National Silk & Rayon Mills Limited(NSRM)	28.54 ▼ -2.31 (-7.49%)

Stock	Volume
B.O.Punjab / Nov 30 The Bank of Punjab(BOP)	50,052,966 ▼ -0.21
Cnergyico PK / Nov 30 Cnergyico PK Limited(CNERGY)	35,689,157 ▼ -0.07
Pak Refinery / Nov 30 Pakistan Refinery Limited(PRL)	35,409,231 ▼ -0.13
Fauji Fert Bin / Nov 30 Fauji Fertilizer Bin Qasim Limited(FFBL)	32,650,500 ▲ 1.67
WorldCall Telecom / Nov 30 Worldcall Telecom Limited(WTL)	30,751,189 ▼ -0.01
Fauji Foods Ltd / Nov 30 Fauji Foods Limited(FFL)	30,039,307 ▲ 0.58
Kohinoor Spining / Nov 30 Kohinoor Spinning Mills Limited(KOSM)	23,573,500 ▼ -0.20
The Searle Co. / Nov 30 The Searle Company Limited(SEARL)	21,694,598 ▼ -0.38
Dewan Cement / Nov 30 Dewan Cement Limited(DCL)	21,032,000 ▲ 0.07
Fauji Cement / Nov 30 Fauji Cement Company Limited(FCCL)	15,482,500 ▲ 0.67

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	147.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.27
Euro to USD / Nov 30	1.10
UK LIBOR % / Nov 29	5.46

Stock	Volume
S&P 500 / Nov 29	4550.58
Nasdaq / Nov 29	14258.49
Dow Jones / Nov 29	35430.42
India Sensex / Nov 30	66809.11
Tokyo Nikkei / Nov 30	33486.89
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7437.50
Germany DAX 30 / Nov 30	16203.24
France CAC40 / Nov 30	7279.08

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 29	17735
Gold 10 Grams PKR / Nov 29	185614
Crude Oil USD/Barrel / Nov 30	78.06
Gold Spot USD/Ounce / Nov 30	2044.28
Cotton US¢/pound / Nov 30	79.69

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

Esther Perez Ruiz

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